Australia classifies tin as a strategic material
The Australian Government has updated the country’s Critical Minerals List and has introduced a new Strategic Materials List, which includes tin.
The minerals featured in the lists support Australia’s transition to net zero emissions, advanced manufacturing, defence technologies and capabilities, and broader strategic applications, according to a release from the Department of Industry, Science and Resources.
Materials, including tin, are listed as Strategic owing to their importance for the global transition to net zero, Australia’s geological potential for extraction of each resource, and the demand from the country’s strategic international partners. Tin has been included alongside aluminium, copper, nickel, phosphorous, and zinc.
While there are nearly thirty tin exploration projects underway across Australia, the country is home to only one operating tin mine, Renison Bell, operated by Bluestone Mines Tasmania. Bluestone, a joint venture between Yunnan Tin Corporation and Metals X Ltd, is working towards its expansion plan with the Renison tailings project, Rentails.
Elementos and First Tin, two companies with tin exploration projects in Australia, both recently presented at the ITA’s Investing in Tin Seminar – presentations and recordings are available here.
We are pleased to see the recognition of the importance of tin to net zero targets and new technologies. The continued trend of the classification of tin as a Strategic Material indicates national governments are beginning to recognise the unprecedented opportunities and challenges facing the tin industry.
